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Office

Large ECB lease characterises Frankfurt office letting figures

The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei has made a somewhat stronger start to 2024 compared to 2023, with tenants and owner-occupiers generating take-up of 93,100 sqm in the period from January to March. According to NAI apollo the figure is 12.4 % higher compared to the previous year,...
Thursday, 18. April 2024

German office market sees prime rents still rising

Despite ongoing sluggish economic activity, the German office markets recorded 609,000 sqm in take-up in Q1 2024, almost matching previous-year results. As expected, however, take-up in Germany's 8 top cities of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich remained well below the 10-year average ...
Wednesday, 17. April 2024

NAS Invest buys Hamburg „Stadtparkturm“ from Amundi

NAS Invest has now officially confirmed the purchase of the Hamburg Stadtparkturm, which was made known in February. The office tower on Hindenburgstrasse, which was built in 2001, was previously part of the portfolio of French asset manager Amundi. According to NAS, the deal was closed at the end of last month. According to ...
Wednesday, 17. April 2024

Aroundtown reaches long-time full letting in Dusseldorf

Aroundtown has successfully concluded a long-term lease for a term of 10 years for the office building at Erkrather Strasse in Düsseldorf. The new tenant is Forum Multi-Kulti gGmbH, which works together with its umbrella organization Multikulturelles Forum e.V. to promote social participation, equal opportunities and cultural...
Tuesday, 16. April 2024

Thomas House opens with Lucera as first tenant

As the demand for bespoke business workspace solutions across Belfast city continues to grow, serviced office provider, venYou has officially opened its newest location, Thomas House, following an extensive and complete refurbishment.
Tuesday, 16. April 2024

German Transaction volume up slightly

Germany's investment markets posted a noticeable uptick in transaction activity in Q1. As expected, however, this trend has yet to be fully reflected in transaction volume. Investors poured just over €5.5bn into commercial real estate in Q1 2024, an 8% increase in transaction volume compared to the previous year's weak result...
Tuesday, 16. April 2024

CLS sells Westminster Tower to London Square Group

CLS has sold a London office to residential development opportunity: The company has conditionally exchanged the sale of Westminster Tower, Albert Embankment, to London Square Group. The purchase price of £40.8m is in line with the valuation as at 31 December 2023.
Monday, 15. April 2024

IINO Kaiun Kaisha acquires 111 Strand from ESAS

IINO Kaiun Kaisha purchased 111 Strand in London from ESAS Holdings. The building comprises 37,781 sq ft of Grade A office and retail accommodation, arranged over lower ground, ground and six upper floors. The building occupies a prominent corner site with a 100 ft frontage on to the Strand and benefits from close proximity t...
Thursday, 11. April 2024

Mott Macdonald expands space in London

Addington Capital has signed a further deal with Mott Macdonald, existing tenants at 10 Fleet Place in London, whereby Mott Macdonald commits to a further 20,000 sq. ft on the fourth floor of the building.
Thursday, 11. April 2024

CA Immo renews lease agreements in Dusseldorf

CA Immo has extended two lease agreements for a total of around 7,400 m² of office space in the Belmundo and LaVista office buildings in Duesseldorf. The tenants are Indeed Deutschland GmbH, a company in the personnel services sector, and the Dutch leasing and financing firm De Lage Landen Leasing GmbH. The buildings are almo...
Thursday, 11. April 2024

Eversheds Sutherland extends lease at One Wood Street

Eversheds Sutherland has agreed to regear its lease on 15,650 sq m. of offices at „One Wood Street“, London EC2. The new lease will see it remain in occupation long term. The global law firm has been a tenant of the property since 2007. „One Wood Street“ is managed through a specialized institutional real estate fund of the K...
Wednesday, 10. April 2024

Landsec gets planning permission for £250m City office block

The City of London Corporation has approved plans from Landsec to transform Hill House, EC4 into a sustainable workspace and new rooftop restaurant. The news follows planning approval being granted at the end of 2023 for the redevelopment of 55 Old Broad Street, EC2. Combined, the developments will deliver over 660,000 sq ft ...
Tuesday, 9. April 2024

ECE acquires office development in Copenhagen for conversion

ECE Work + Live is planning the development and realization of a new hotel in Copenhagen: The hotel property is to replace an office redevelopment project at the attractive Gammel Kongevej commercial street in the independent Frederiksberg district, which is located west of the city center and characterized by premium residen...
Tuesday, 9. April 2024